A Caesars Entertainment Corp. bondholder group will ask Illinois officials to block the casino company from obtaining a new loan that strips them of guarantees used to back their debt, according to people with knowledge of the matter.
Houlihan Lokey, the closely held investment bank that started advising on secondary sales of private-equity and hedge-fund stakes fours years ago, plans to more than double staff in that unit to 20 professionals or more as it expands into sales of other illiquid assets.
The deserted blackjack and roulette tables at Codere SA’s central Madrid gaming rooms, along with the 750-seat bingo hall that’s about three-quarters empty a floor below, testify to the challenge the company faces as it seeks to avoid insolvency.
Dunes Point Capital, the investment firm started last year by former Blackstone Group LP executive Timothy White, purchased the manufacturing businesses of Alco Industries Inc. for an undisclosed amount, according to two people familiar with the situation.
Gramercy Capital Corp. lenders have asked Houlihan Lokey for advice on strategic options as the real estate company weighs restructuring about $800 million of debt, according to two people with knowledge of the situation.